THAILAND: The Islamic Bank of Thailand (IBank) has denied plans to merge with the Government Savings Bank. Instead the bank has made a request for a capital increase of THB7 billion (US$214.42 million) from the country’s finance ministry to fund its plans of being an alternative funding source for investment within three years. The capital increase is part of the bank’s business rehabilitation plan which is undergoing due diligence process at the moment and is expected to complete next month before submitting it to the State Enterprise Policy Office for consideration by the end of the year.